AI CROSS Inc., The Current Fiscal Year Revenue Revised Upward to an Unexpected 0.2％ Increase

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Thu Sep 12, 2024 3:00 pm JST Revision

4476 AI CROSS Inc. 【J-GAAP】

Guidance Update Report

AI CROSS Inc. <4476> [TSE-G] announced a performance revision after the market closed on September 12th (15:00). The consolidated revenue for the fiscal year ending December 2024 has been revised upward by 15.2%, from the previous forecast of 2.83 billion yen to 3.26 billion yen (compared to 3.25 billion yen in the previous period), turning to a 0.2% increase in the consolidated revenue outlook.

Based on the upwardly revised full-year plan announced by the company, our calculation indicates that the July to December period (second half) consolidated revenue has been revised upward by 40.5%, from the previous forecast of 1.05 billion yen to 1.48 billion yen (compared to 1.6 billion yen in the same period of the previous year), and the declining rate is expected to decrease from 33.9% to 7.1%.

Kabutan News

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2024 Prev	1,058	85	84	50	13.3	0	Aug 14, 2024	J-GAAP
Jul - Dec, 2024 New	1,487	85	84	50	13.3	0	Sep 12, 2024	J-GAAP
Revision Rate	+40.5%	0.0%	0.0%	0.0%	0.0%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2024 Prev	2,831	300	295	175	46.6	0	Feb 14, 2024	J-GAAP
Dec, 2024 New	3,260	300	295	175	46.6	0	Sep 12, 2024	J-GAAP
Revision Rate	+15.2%	0.0%	0.0%	0.0%	0.0%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2023	1,601	142	147	94	23.8	0	Feb 14, 2024	J-GAAP
Jul - Dec, 2024 Guidance	1,487	85	84	50	13.3	0	Sep 12, 2024	J-GAAP
YoY	-7.1%	-40.1%	-42.9%	-46.8%	-44.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	3,305	223	218	95	24.1	0	Feb 14, 2023	J-GAAP
Dec, 2023	3,254	292	291	156	39.5	0	Feb 14, 2024	J-GAAP
Dec, 2024 Guidance	3,260	300	295	175	46.6	0	Sep 12, 2024	J-GAAP
YoY	+0.2%	+2.7%	+1.4%	+12.2%	+17.9%